Home » Economy » His company is now worth $ 1.1 billion – Diepresse.com

His company is now worth $ 1.1 billion – Diepresse.com

by Alexandra Hartman Editor-in-Chief

Dream Cybersecurity Raises $100 Million, Valuation Hits $1.1 Billion

Former Austrian Chancellor Sebastian Kurz’s cybersecurity firm, Dream, has secured a critically important $100 million investment, propelling its valuation to $1.1 billion. Led by US-based private equity firm Bain Capital, this funding round marks a significant milestone for the Tel aviv-based company, solidifying its position as a prominent player in the global cybersecurity landscape.

Founded in early 2023, Dream specializes in safeguarding critical infrastructure for governments and industrial companies through the innovative submission of artificial intelligence. The company currently boasts a workforce of approximately 150 employees spread across its headquarters in Tel Aviv, and also branch offices in Abu Dhabi and Vienna. Dream’s client base spans Europe, the Middle East, and Southeast Asia.

This strategic partnership with Bain Capital will be instrumental in Dream’s expansion into new markets, including the United States and South America. “The new partnership with Bain Capital will primarily drive the company’s expansion into additional markets,including the USA and South America,” a company statement explains.

Kurz co-founded Dream alongside Israeli business partners Shalev Hulio and Gil Dolev. Hulio’s previous experience as a leader at the Israeli technology company NSO, renowned for its advancement of the Pegasus spyware, brings a wealth of expertise to the venture.

This latest investment demonstrates the growing recognition and trust placed in Dream’s cutting-edge cybersecurity solutions. As cyber threats continue to evolve, Dream’s ability to leverage artificial intelligence to protect critical infrastructure will be increasingly vital in ensuring a secure digital future.

This significant funding boost positions Dream for continued growth and innovation, allowing it to strengthen its global presence and further develop its advanced cybersecurity technologies.

How will the $100 million investment impact Dream’s growth and deployment of its AI-driven cybersecurity solutions?

Former Chancellor Sebastian Kurz Discusses Dream Cybersecurity’s Record-Breaking Funding Round & Global Expansion

Archyde: You’re part of a team that’s just secured an remarkable $100 million investment,pushing Dream’s valuation to $1.1 billion. How does it feel to achieve this milestone so early in the company’s journey?

Sebastian Kurz: I’m absolutely thrilled about this achievement. When Shalev, Gil, and I founded Dream in early 2023, we had a vision to revolutionize cybersecurity using AI.To see this vision reflected in such significant investment from a respected firm like Bain Capital is incredibly gratifying.

Archyde: Can you tell us more about Dream’s innovative AI-driven approach to cybersecurity and how it stands out in the market?

Sebastian Kurz: Dream’s approach is unique in that we’re applying artificial intelligence to protect critical infrastructure. Rather than relying solely on conventional, rule-based systems, our AI learns, adapts, and evolves with the ever-changing threat landscape. This proactive, predictive approach sets us apart and offers unparalleled protection to our clients.

Archyde: This latest funding will fuel Dream’s expansion into the US and South American markets. What excites you most about these new ventures?

Sebastian Kurz: The global cybersecurity market is vast and continues to grow. Expanding into the US and South america opens up significant opportunities for Dream. I’m excited about the prospect of bringing our cutting-edge technology to these new regions, helping businesses and governments protect their digital assets, and further solidifying our position as a global leader in AI-driven cybersecurity.

Archyde: As a former Austrian Chancellor, you’ve seen firsthand the importance of robust cybersecurity in both the public and private sectors. How do you think this recent investment will impact the global cybersecurity landscape?

Sebastian Kurz: This investment is a testament to the growing recognition and trust in Dream’s solutions. as cyber threats evolve, so too must our approaches to combating them.With this funding, we can advance our technologies, strengthen our global presence, and offer more businesses and governments the advanced cybersecurity protections they need to thrive in the digital age.

Archyde: Lastly,what advice would you give to aspiring entrepreneurs looking to make a significant impact in the tech industry?

Sebastian Kurz: My advice would be to dare to think big,challenge the status quo,and never stop learning. Passion and vision are crucial, but surrounding yourself with the right team and fostering a culture of innovation are equally critically important. And, of course, always keep an eye on emerging threats – be they technological or geopolitical.

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